Published Date : Jul 03, 2017
ALBANY, New York, July 3, 2017: Recently MarketResearchReport.biz has announced the addition of a new research study on the global 5G wireless ecosystem to its depository. The market report, titled “The 5G Wireless Ecosystem: 2017 - 2030 - Technologies, Applications, Verticals, Strategies & Forecasts,” presents an in-depth assessment of the 5G wireless ecosystem emerging across the world, emphasizing especially on the technologies, applications, and the strategies of participants. The key driving forces, trends, limitations, and opportunities have also been evaluated thoroughly in this research report.
The market for 5G network has been witnessing a monumental surge in the current times across the world, with the 5G wireless ecosystem surfacing as a revolutionary trend in the global wireless networking scenario. Researchers estimate the pre-standards 5G network investments to rise over US$250 mn by the end of 2017, reports the research study.
In spite of the shortage of LTE coverage in various geographical segments, mobile vendors and network operators have already embarked on research and development initiatives for the development of 5G, the succeeding revolution in mobile networks. 5G is anticipated to provide a single network environment in an effort to deliver not only IoT services and mobile broadband, but also novel innovations, such as 3D holographic telepresence, cloud robotics, self-driving cars, and remote surgeries with haptic response.
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As ARPUs, the traditional voice and data services, are declining globally, a number of mobile operators are making a bet on the 5G network to expand their revenue streams. For instance, South Korea-based KT has constructed a dedicated business facility for holograms, which it foresees to be a prominent source of revenue for its imminent 5G network.
Currently, the 3GPP and various other standards development organizations (SDOs) are involved in determining the initial phase of 5G specifications. Pre-standards 5G network launches are already in process, specifically in South Korea and the U.S., as mobile operators rush to offer 5G services first.
Though traditionally, 2020 is regarded as the beginning for the commercialization of 5G, the first standardized disposition of this technology will begin in as early as 2019, with the 3GPP’s early 5G specifications poised to be deployment-ready by March 2018. During the period from 2019 to 2025, the global 5G network infrastructure market is expected to grow aggressively at a CAGR of around 70%. Researchers anticipated it to eventually account for a US$28 bn in annual expenditure by the end of 2025. These investments on the infrastructure will be added by annual shipments of around 520 million of 5G competent devices, notes the research study.
3GPP, 5G Forum, Fujitsu, 5G Americas, ETRI, 5GAA, Dish Network, 5G TSA, Facebook, 5GRUS, Huawei, 5GMF, Juniper Networks, and Keysight Technologies are some of the key companies mentioned in this market report.
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